Specifically, at 9:00 a.m. on October 24, Phu Nhuan Jewelry Joint Stock Company announced the price of gold rings at VND87.6 - 88.9 million/tael (buy - sell), an increase of VND200,000/tael for buying and VND500,000/tael for selling compared to yesterday's session.
DOJI Gold and Gemstone Group listed the price of gold rings at 87.95 - 88.95 million VND/tael (buy - sell), down 50,000 VND/tael for buying and up 50,000 VND/tael for selling compared to yesterday's session.
Regarding the price of SJC gold bars, because the State Bank has not changed the selling price, the price has not changed. Saigon Jewelry Company (SJC) announced the price of SJC gold bars at 87 - 89 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to the closing price yesterday.
DOJI Gold and Gemstone Group announced the selling price of SJC gold bars at 87 - 89 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to yesterday's closing price.
Previously, on October 23, world gold prices fell more than 1% after reaching a record high, amid the rising momentum of the USD and US government bond yields curbing demand for safe assets.
Specifically, the spot gold price decreased by 1.2% to 2,714.55 USD/ounce, after reaching a record high of 2,758.37 USD/ounce. Meanwhile, the gold futures price in the US closed down 1.1% to 2,729.40 USD/ounce.
As a safe haven amid political and economic uncertainty, gold has surged more than 31% this year and smashed several records, as the US Federal Reserve cut interest rates last month.
Traders have done some profit-taking and rising bond yields have kept gold prices from rising, said Bob Haberkorn, a strategist at brokerage RJO Futures. However, Haberkorn said he expects gold to hit $2,800 an ounce by the end of the week, driven by safe-haven demand.
Implementing the directions of the Government and the Prime Minister, based on current legal regulations, in recent times, the State Bank has coordinated with ministries, branches and localities to comprehensively deploy solutions to handle the high difference in gold prices between international and domestic prices, stabilize the gold market, and contribute to stabilizing the macro economy.
In particular, it is recommended that the Ministry of Public Security, the Ministry of Industry and Trade, and the Ministry of Finance strengthen inspection, supervision, and monitoring according to their assigned functions, tasks, and powers; strictly handle violations of the law such as gold smuggling across the border, manipulation, profiteering, etc., causing instability in the gold market; organize direct bidding and sale of gold bars to supplement the supply of SJC gold bars to the market.
With the implemented solutions, the difference between domestic gold price and converted world gold price has decreased significantly.
In the coming time, the State Bank will continue to implement solutions to control the difference between domestic and international gold prices at an appropriate level under the direction of competent authorities.
Source: https://baohaiduong.vn/gia-vang-nhan-trong-nuoc-tiep-da-tang-gia-vang-the-gioi-giam-396380.html
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